Hogan Gidley, the White House Deputy Press Secretary, said Trump has taken measures to reduce the debt, “including in his first budget that actually would’ve balanced in 10 years, a historic, common-sense rescissions proposal.”
Like Short, Gidley said the fix is up to Congress.
“While the president has and will continue to do everything in his power to rein in Washington’s out-of-control spending,” he said, “the Constitution gives Congress the power of the purse and it’s time for them to work with this president to reduce the debt.”
Stephen Moore, an economic advisor to Trump, has urged the president to focus on growth as a means a debt reduction.
“That was why, when he was confronted with these nightmare scenarios on the debt, I think he rejected them, because if you grow the economy… you don’t have a debt problem. I know a few times when people would bring up the enormous debt, he would say, ‘We’re gonna grow our way out of it.’”
So far, that has not happened.
Trump’s budgets will add more than $4 trillion to the debt by 2021. Under Trump, the national debt has surpassed $21.8 trillion. It was $20.245 trillion when he entered the White House. This is inspite of quarterly growth of more than four percent in 2018.
One additional takeaway Twitter has from all this is that Trump said he will one day be out of office.
Yep, but the part that made me happy was his admitting he won’t be here.
— N O L A C O W G I R L (@bleuroux) December 5, 2018
Well, at least we know he's planning on leaving office…
— Jonathan Corbin (@JonathanCorbin2) December 5, 2018
By the time they realize I sold them swampland I'll be back on Park Avenue.
– Donald J Trump
— larryleclair (@larryleclair) December 5, 2018
Once he's voted out of office and the economy is collapsing, they can blame it on the Democrat replacing him.
— Machine Pun Kelly (@KellyScaletta) December 5, 2018
And some people thought he was planning on doing this for 8 yrs, he is so out.
— April Green (@AprilGreen93) December 5, 2018
Same with the environment; he figures he'll be dead by the time things get really bad. He doesn't give a damn about his progeny.
— Barend Hamm (@BarendHamm) December 5, 2018
So he expects to be out before 2020? Great news!
— cathy vogt (@pgdayton) December 5, 2018
Does this mean @realDonaldTrump is thinking of resigning or being impeached perhaps next year?
— Hal Donahue (@haldonahue) December 5, 2018
This, however, was before Trump got his first taste of power. Nevertheless, Trump was very concerned over the debt while Barack Obama was in office.
Remember, as a senator, Obama did not vote for increasing the debt ceiling http://t.co/wTQ96Itg I guess things change when President?!
— Donald J. Trump (@realDonaldTrump) January 14, 2013
Funny to hear the Democrats talking about the National Debt when President Obama doubled it in only 8 years!
— Donald J. Trump (@realDonaldTrump) November 30, 2017